Fountain of Life empowers business owners

Technical know-how, not capital, has been said to be responsible for the failure of many businesses in the country.

This was revealed by a survey conducted among thousands of small and medium scale business owners across the country by the Business Fellowship Department of the Fountain of Life Church, Ilupeju, Lagos.

The head of the department, Pastor Mojisola Odukoya made this known, Wednesday during a networking workshop organised to enhance the capacity of selected growing business people across the country.

She said: ” Our senior pastor,Taiwo Odukoya gave us the task of empowering as many members and non members of the church that are into small and medium scale businesses using global best practices. In trying to do this, we conducted a survey at the beginning of the year asking hundreds of business people to tell us the problems they face in doing their businesses. After we analysed the whole thing, we discovered that most of them lack the technical know-how. Surprisingly, finance wasn’t the biggest problem but know-how. It was an insightful research that made us to understand that priority should be placed on technical know how and not necessarily on finance. When a business has the capital but lacks the know-how

it has a higher propensity to fail.

The networking workshop according to her equiped the participants with the technical skills they needed to excel in their businesses.

“The networking workshop empowers the close to 200 participants within and outside the church on how to network in the business world. The programme is open to everybody in any part of the country. We announced it and even made flyers that we distributed far and wide to inform people about it.It is highly affordable because Pastor Odukoya subsidised it emormously.